by Tiffany Mellow | May 2, 2018 | General
Unless you work in this industry or are married to someone who works in this industry, you probably don’t fully appreciate the demands of a “tax season.” The average CPA makes about 67 percent of their annual income during the months of January to April. It is a lot...
by Tiffany Mellow | Feb 28, 2018 | Business Accounting
Most small businesses don’t have employees. The owners perform all the duties of the business. However, that type of business model restricts growth. If you want a business to grow, the owner must be willing to delegate most non-essential functions to an employee. A...
by Tiffany Mellow | Jan 22, 2018 | Business Accounting, Business Taxes, Payroll, W-2's
The due date for filing your form W2’s with the Social Security Administration is January 31, 2018. Extensions to file these forms are much more difficult to get this year. The IRS is only granting extensions in cases of extreme hardship or uncontrollable...
by Tiffany Mellow | Jan 15, 2018 | Business Accounting, Business Taxes
The Schedule C for an unincorporated business and the Schedule F for farming activities are the forms MOST AUDITED by the IRS! The IRS has published the following list of issues they scrutinize when auditing the Schedule C and the Schedule F: Lack of record keeping...
by Tiffany Mellow | Sep 22, 2017 | Bookkeeping, Business Taxes
Technology can be helpful when it comes to bookkeeping! There are many new gadgets and applications on the market that assist with tracking business expenses. While these “apps” eliminate paper, they do not eliminate the need to provide your tax preparer with the...
